Airgas reports flat sales on sluggish conditions

10:23 AM MDT | May 1, 2014 | Lindsay Frost

Airgas today reported earnings for the quarter ended 31 March of $88.3 million, up 2% year-on-year (YOY) on sales flat at $1.27 billion. Earnings per share of $1.17/share fell below analyst estimates of $1.20/share, as compiled by Thomson Reuters (New York). The company says results include the favorable impacts of the realization of SAP software-related benefits as planned and share repurchases completed in the second half of fiscal 2013, but also reflected sluggish business conditions and the negative impact on the company’s refrigerants business from the...